The loss of interest for the euro in Romania
Claudiu Albulescu () and
Dominique Pépin ()
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We generalize a money demand micro-founded model to explain Romanians' recent loss of interest for the euro. We show that the reason behind this loss of interest is a severe decline in the relative degree of the euro liquidity against that of the Romanian leu.
Keywords: money demand; open economy model; currency substitution; Romania (search for similar items in EconPapers)
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Working Paper: The loss of interest for the euro in Romania (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-01361214
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